June 6, 2012

Global mining industry profits and shares went different ways in 2011: PwC

Consulting firm says the top 40 global mining firms earned a record profit of $133 billion last year driven mainly by iron ore, however their market capitalization fell by 25%.

June 5, 2012

At least 30 coal carriers with unsold cargo floating off China’s coast

The drop-off in demand, exacerbated by high inventories thanks to a mild northern hemisphere winter and a surge in US exports have led to a collapse in thermal coal prices.

June 5, 2012

Huge setback for Rinehart and Reddy empires

Australian environment minister Tony Burke decided on Tuesday to "stop the clock" on Hancock Prospecting and GVK's Alpha coal project despite approval from the state of Queensland given last week.

June 4, 2012

Merit and mine cost over-runs run rampant

In my email this past week was a missive from the news-editor of Mining.com. He passed on a letter sent to him for possible publication. I repeat the entire letter…

June 4, 2012

Australia chooses mining terminal over coral reef

Australia’s Queensland government has snubbed a United Nations report demanding Australia act to protect the Great Barrier Reef.

June 3, 2012

Reduced water from warmer weather could cripple nuclear and coal-fired power plants

Coal and nuclear power plants rely heavily on water for cooling, but a warmer climate could reduce the availability of water and limit power output.

June 3, 2012

Australia’s coal bed LNG export expansion plans falter

Confidence in Australia's coal seam gas industry, one of the nation's brightest economic prospects, has begun to flicker.

June 3, 2012

T4 coal-loader could cost between $4 billion and $5 billion

PORT Waratah Coal Services has authorised the spending of another $60million on its planned T4 coal-loader on Kooragang Island.A company spokesman said the $60million authorised by the PWCS board took…

June 1, 2012

Brazilian Vale urged to sell shares in Mozambique Moatize coal

The Mozambican government is urging the Brazilian mining giant Vale to sell on the local stock exchange (BMV) 10 percent of its venture in Moatize in the northwestern province of…

June 1, 2012

Teck announces tentative collective agreement at Trail Operations

Teck Resources Limited ("Teck") (TCK.A and TCK.B, NYSE: TCK) announced today that Teck and Locals 480 and 9705 of the United Steelworkers have reached a tentative collective agreement covering Trail…